[SeelaypeKet]

The turd seems to think it is...........maybe..........


http://www.tfmetalsreport.com/blog/3797/end-near

[zabiqapara]

I think so, went to buy today but little to none available.

[Grorointeri]

The bottom will be in when you can't find articles claiming that the bottom is in.

[buIf6yoW]

It's always the bottom until the inevitable...


rocket19.jpg

[SeelaypeKet]

http://www.scribd.com/fullscreen/937...auk982epd6jt9n

[Beatris]

I don't think so.... not quite yet.

It has not broken up from its downtrend.

What is affecting the paper price of metals?

1. Euro crashing ---> dollar stronger ---> dollar buys more
2. Economic disaster ---> cash being sucked up by debt
3. No new buyers coming in

What would make the price rise?

1. Central banks (including US) printing in panic
2. New demand from big money- like China
3. Decrease in supply


Right now, it seems to be primarily a paper game of Euro versus the dollar. This could go on for a couple weeks more.

[WertyNtont]

Unless I was doing a big purchase 10k + it is of little consequence

Its all realitive any way...as the price gets slammed the premium rises or goes into the back room.

[Beatris]

The paper price has to stay down for a while in order for physical to drop. Anyone who bought "fresh" silver (or gold) will not want to dump it at a loss. The nice thing about metals, savage though they be, is they store very well and have a great shelf life.

[TritteTouff]

1. Euro crashing ---> dollar stronger ---> dollar buys more
2. Economic disaster ---> cash being sucked up by debt
3. No new buyers coming in

What would make the price rise?

1. Central banks (including US) printing in panic
2. New demand from big money- like China
3. Decrease in supply


Right now, it seems to be primarily a paper game of Euro versus the dollar. This could go on for a couple weeks more.

The EURO will bifurcate into a NORDIC Euro which may appreciate and a LATIN/PIIGS Euro which will certainly depreciate into individual soveriegn currencies. These will collapse in value. So at present the US dollar is strengthening and is viewed as the last refuge of paper wealth. This depresses the dollar price of gold, though the Euro price of gold has been very resilent - an important distinction. Also note that gold is up relative to crude oil - another important point.

As to your last three points (what would make the gold price rise)?

First, the US FED never stopped monetizing and is buying 80% of Treasury debt now. So we are already in a technical debt default. But the world markets react to Bernanke's words, not his actions. This is a temporary state of affairs. There is very strong demand for physical bullion, from China, India and other eastern nations. It is intensifying. Gold supply is flat or in decline. In fact, the only country that has increased production significantly is China, and China has prohibited export of it's gold. So world gold supply minus China has been going down since 2001.

The paper and physical prices of gold and silver have bifurcated. The holders of physical gold and silver are in a strong position and history and trends are on their side. The paper prices are an entirely different matter, being unstable, unpredictable and mainly a problem for those who trade the metals. At some point, the paper prices must begin to recorrelate with the physical prices or the COMEX and London will be emptied of their gold and that will be the end of the Anglo-American banking system.

Hold on to your metal. Buy more, if you can find any.

[animilius]

Unless I was doing a big purchase 10k + it is of little consequence

Its all realitive any way...as the price gets slammed the premium rises or goes into the back room.

very true.

if you're spending $1000, the difference between $30 & $32 spot price silver is maybe 1 round.

assuming $10 shipping - leaving a $990 budget -

silver @ 32 with $1 spread ... $33 each ... 30 rounds.

silver @ 31 ... $32 each ... 30.94 rounds - not quite enough for 31 rounds.

silver @ 30 ... $31 each ... 31.94 rounds - etc.


OK, so looks like the difference is 1.94 rounds.


i can't say "the low is in" because China is happy to let the banksters hang themselves.

they could drive Ag to $26 - maybe.

re Au - China bought 100 tons in one month recently. that means they bought 50% of world production that one month. one other month recently it was 64 tons. China has made a shift recently from buying 10% of world production to buying about 1/3 of world production.

listening to Harvey Organ - he describes how the banksters are racing around trying to fill orders at the low price, only to be told by "old friends" - "sorry, can't help ya."

http://harveyorgan.blogspot.com/

[TritteTouff]

very true.

if you're spending $1000, the difference between $30 & $32 spot price silver is maybe 1 round.

assuming $10 shipping - leaving a $990 budget -

silver @ 32 with $1 spread ... $33 each ... 30 rounds.

silver @ 31 ... $32 each ... 30.94 rounds - not quite enough for 31 rounds.

silver @ 30 ... $31 each ... 31.94 rounds - etc.


OK, so looks like the difference is 1.94 rounds.


i can't say "the low is in" because China is happy to let the banksters hang themselves.

they could drive Ag to $26 - maybe.

re Au - China bought 100 tons in one month recently. that means they bought 50% of world production that one month. one other month recently it was 64 tons. China has made a shift recently from buying 10% of world production to buying about 1/3 of world production.

listening to Harvey Organ - he describes how the banksters are racing around trying to fill orders at the low price, only to be told by "old friends" - "sorry, can't help ya."

http://harveyorgan.blogspot.com/

To Gundriller and Twisty:

You know I love you guys, I really do. But worrying about small price differences in silver before buying physical at this time is akin to the guy obsessing about the price of parachutes while the plane he is flying in 2 miles up is out of fuel and running on vapors (and the pilot is a crazy bald professor with a beard who keeps telling everyone to sit down and buckle up and all is OK).

[ErnestTU]

what he said ^

[TritteTouff]

listening to Harvey Organ - he describes how the banksters are racing around trying to fill orders at the low price, only to be told by "old friends" - "sorry, can't help ya."

http://harveyorgan.blogspot.com/

From Harvey "the Organ:"

"In physical news we witnessed that Soros quadrupled his investment in gold through the GLD. Gold has also entered into a front end backwardation which will be discussed by Ken Weiner."

[replicaypu]

i tried to buy physical yesterday. all sold out.

[animilius]

To Gundriller and Twisty:

You know I love you guys, I really do. But worrying about small price differences in silver before buying physical at this time is akin to the guy obsessing about the price of parachutes while the plane he is flying in 2 miles up is out of fuel and running on vapors (and the pilot is a crazy bald professor with a beard who keeps telling everyone to sit down and buckle up and all is OK).

it's just a game.

i'm working on the Chicken Squawk PM Price Drop Early Warning System (CSPMPDEWS).

i noticed one day i was about 100 yards away from the house planting, and the chickens started squawking real loud. i thought, "yeah, yeah, hold on", and worked another 10 minutes until i came to a convenient stopping point. then went & got them some goodies from the fridge & took a look at the markets.

Sure enough, they were squawking right at the time of the day's low, like $30 that day. by the time i got inside, it was off the low, up to $30.20. i had to wonder if the Chickens were Channeling the markets.

[TritteTouff]

i tried to buy physical yesterday. all sold out.

Gold or hookers?

[igs00r]

Gold or hookers?

Stoves.

[TritteTouff]

Physical bullion demands substantial premiums on Ebay:



GAE_auction_2012.JPG

[Roorseprate]

Physical bullion demands substantial premiums on Ebay:



GAE_auction_2012.JPG

Is that you > nubBABALogna

Strange that you would have the word babal in your ebay: username

[TritteTouff]

Is that you > nubBABALogna

Strange that you would have the word babal in your ebay: username

Nah, that's not me. But I like the name!